气候变化领域集成服务门户(CCPortal): How does renewable energy encourage carbon unlocking? A global case for decarbonization

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DOI	10.1016/j.resourpol.2023.103622
	How does renewable energy encourage carbon unlocking? A global case for decarbonization
	Zhao, Congyu; Wang, Jianda; Dong, Kangyin; Wang, Kun
发表日期	2023
ISSN	0301-4207
EISSN	1873-7641
卷号	83
英文摘要	Fossil energy has contributed to economic growth while creating serious carbon lock-in (CLI), but the development of renewable energy may be able to break this paradox. Therefore, this study uses the instrumental variable-generalized method of moments (IV-GMM) approach to assess the impact of renewable energy consumption (REC) on CLI, based on the data of 77 countries during the period 2000-2020. We also explore the CLI mitigation effect brought by different kinds of REC and generation. Moreover, the asymmetric effect and the direct and indirect impact mechanisms are also investigated. We thus have made the following findings: (1) REC significantly contributes to CLI reduction around the world, a proposal that remains robust under a series of robustness tests; (2) geothermal energy consumption and generation have the most remarkable effects on CLI inhibition; (3) REC shows a higher marginal effect on low quantiles of CLI (e.g., the 10th quantile) than high quantiles of CLI (e.g., the 90th quantile); and (4) REC can not only directly lead to CLI reduction, but it can also indirectly reduce CLI through technology effect and scale effect. These findings have important implications for promoting the energy transition and mitigating climate change. Based on these findings, we put forward some policy implications for the governments to cope with the CLI issue.
英文关键词	Carbon lock-in; Renewable energy consumption; Asymmetric effect; Internal mechanisms
语种	英语
WOS研究方向	Environmental Studies
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000991346800001
来源期刊	RESOURCES POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281491
作者单位	University of International Business & Economics; Hong Kong Polytechnic University
推荐引用方式 GB/T 7714	Zhao, Congyu,Wang, Jianda,Dong, Kangyin,et al. How does renewable energy encourage carbon unlocking? A global case for decarbonization[J],2023,83.
APA	Zhao, Congyu,Wang, Jianda,Dong, Kangyin,&Wang, Kun.(2023).How does renewable energy encourage carbon unlocking? A global case for decarbonization.RESOURCES POLICY,83.
MLA	Zhao, Congyu,et al."How does renewable energy encourage carbon unlocking? A global case for decarbonization".RESOURCES POLICY 83(2023).